In the first 5 months of the 116th Congress there have been 6 pieces of Pro-ESOP legislation initiated. Three each in the US Senate and House of Representatives. Several of these were introduced in late May and the text of the bills are not yet available in the Federal Legislation Tracker. We will monitor the status…
The Annual Survey of Entrepreneurs (ASE 2016 Data) provides an interesting insight into the business owner’s exit strategy. An extract of the United States data, broken down by the categories of all reporting firms, minority, non-minority, and Black or African American business owners is provided in Table 1. While there is some variation amongst these…
The Indiana Legislative Council met on May 21 to review and assign topics to the interim session study committees. As described by Senate President Pro Tem Rodric Bray (R-Martinsville): “Study committees provide an important opportunity for lawmakers to examine complicated issues in depth without the same time restrictions we face during a legislative session,” Bray…
ESOPs are a wonderful organizational structure, they can: Reduce wealth inequality through broad based equity sharing Provide wealth generation for retirement requiring no financial contribution from the employee For employees not planning to retire, the ESOP can still build wealth Provide an opportunity for employees to be more engaged and involved through participative management philosophy…